# Economic Crime (Transparency and Enforcement) Act 2022, Section 54: Imposition of monetary penalties

Extent: E+W+S+N.I.

(1) Section 146 of the Policing and Crime Act 2017 (power to impose monetary penalties for breaching financial sanctions) is amended as follows.
(2) In subsection (1) omit paragraph (b) (together with “and” preceding it).
(3) After subsection (1) insert—
“(1A) In determining for the purposes of subsection (1) whether a person has breached a prohibition, or failed to comply with an obligation, imposed by or under financial sanctions legislation, any requirement imposed by or under that legislation for the person to have known, suspected or believed any matter is to be ignored.”

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Source: https://www.legislation.gov.uk/ukpga/2022/10/section/54 (the official version)
Page: https://openlegislation.uk/economic-crime-transparency-and-enforcement-act-2022/section-54
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.